Mining as a Motor for Liberia September 2012
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Overview West Africa is emerging as an important new region for potential iron ore producers as large scale projects are being pursued by the majors and junior projects come on stream Mount Bele South 3
Investment Setting • In the 1970s and 1980s, iron ore accounted for more than half of Liberia's export earnings. • Following the 1989 – 2003 civil war, extensive governance and economic reforms have taken place in Liberia, against a background of improved political stability ● • Results of the November 2011 elections saw a landslide victory for the President, Ellen Johnson Sirleaf, who will now serve a 6-year term. • Liberia is successfully rebuilding it ’ s economy, with average GDP growth of 6.7% from 2006 to 2009. The IMF projects continuing strong growth through 2012 and beyond. • MBR ’ s projects are located in the mining friendly Nimba district of Liberia, 270 km by road from Monrovia. • Good infrastructure is already in place: - The new Nimba-Buchanan railway runs through the concession. - Buchanan port can take smaller Panamax ore carriers. 4
Highlights Right Place – Right Time Attractive Location MBR ’ s projects are located within the Nimba district of North West Liberia, an area recognised for its high-grade iron ore deposits. N Large Resource Potential Numerous, very large iron ore deposits have been well documented in the region. Close proximity to existing rail and port facilities Geological Map of Northern Central Liberia (Nimba Region) 5
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